Detroit Mayor Duggan continues to tout his plan to change the method in which the city has valued property over the past decades. Earlier this year, the Duggan administration introduced the Land Value Tax Plan which aims to cut taxes for homeowners by an average of 17%.
The plan would also seek to pay for the homeowner tax cut by raising taxes on abandoned buildings, parking lots, scrapyards, and other similar properties.
If the Michigan Legislature authorizes, Detroit City Council would decide by November, on whether to place the issue on the ballot. Detroit voters would decide whether to adopt the Land Value Tax in February 2024 during the Presidential primary election. If passed, homeowners would see the full tax cut in 2025.
Mayor Duggan will meet with residents to discuss the plan in great detail during a charter-mandated community meeting in District. The meeting will be held Thursday, October 26th at 7pm – at Macedonia Baptist Church located at 14221 Southfield Road. This week’s meeting is a part of a series mandated by the city’s charter.
The administration will also introduce and demonstrate a new land value tax estimator to allow residents to calculate how their taxes will be impacted.
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